Common use of Rights to Sell Clause in Contracts

Rights to Sell. 11.1. In addition to any other rights it may have under the Terms, Galt & Xxxxxxx shall have the right to sell and apply the proceeds of sale of any and all Security in the Client’s Investment Account or any other account with Galt & Xxxxxxx, on behalf of the Client and at the risk and expense of the Client, to satisfy or reduce any liability that the Client may have or get towards Galt & Xxxxxxx. Without limitation such Security shall comprise the credit balances on Accounts, the securities registered as belonging to the Client on Galt & Xxxxxxx'x books, and the value of the Client's open positions with Galt & Xxxxxxx.

Rights to Sell. 11.1. In addition to any other rights it may have under the Terms, Galt & Xxxxxxx shall have the right to sell and apply the proceeds of sale of any and all Security in the Client’s Investment Account or any other account with Galt & Xxxxxxx, on behalf of the Client and at the risk and expense of the Client, to satisfy or reduce any liability that the Client may have or get towards Galt & Xxxxxxx. Without limitation such Security shall comprise the credit balances on Accounts, the securities registered as belonging to the Client on Galt & Xxxxxxx'x Taggart's books, and the value of the Client's open positions with Galt & Xxxxxxx.